NOT FOR iPad on iOS 3.2
This tweak adds graphical effects to your icon pages as you scroll through the homescreen. In the tweak's settings, you can choose between 18 different modes. Here is the current list.

New effects are still being developed. There is also an option to turn the effects off. Configure options from your Settings app. No new icons will be added to your home screen, everything is entirely configurable from the Settings app.
Completely tested and works on iOS 3 through iOS 5.